A methodological comparison of Ronald Coase and Gary Becker

Author: B. Hsiung

Source: American Law and Economics Review, Volume 3, Number 1, 1 January 2001 , pp. 186-198(13)

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Abstract:

This short paper comparatively studies Ronald Coase and Gary Becker from the methodological perspective. Since Becker's analytical approach is known to be a very general one, when Becker's and Coase's analytical approaches are compared, it is natural to assume that Becker's approach will be the easy winner. This analysis shows, however, that the opposite turns out to be the case. Two criteria (generality and applicability) are used to make the assessment.

Document Type: Original article

Affiliations: 1: Department of Economics, National Taiwan University, 21 Hsu Chow Road, Taipei, Taiwan, ROC

Publication date: 2001-01-01

More about this publication?

The rise of the field of law and economics has been extremely rapid over the last 25 years. Among important developments of the 1990s has been the founding of the American Law and Economics Association. The creation and rapid expansion of the ALEA and the creation of parallel associations in Europe, Latin America, and Canada attest to the growing acceptance of the economic perspective on law by judges, practitioners, and policy-makers.